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Finance In Azerbaijan
The Finance system in Azerbaijan consists of government policy and arrangements for borrowing and lending and the transfer of assets. The system is composed of banks, insurance companies, other financial institutions, pension system, financial markets and payment systems. Financial policy of Azerbaijan is aimed at the implementation of the state program of economic development of the Republic. The development of the Azerbaijani financial system and the whole market infrastructure depends on the activities of commercial banks, insurance company and other financial institutions. Financial policy The purpose of financial policy is to ensure the stable development of the state economy by using of financial relations and financial potential of the country. The main objectives of Financial policy in Azerbaijan are consist of: * Financial legislation * Organizational forms of financial relations * Creation and use of state foundations * Financial forecasting and planning methodology * F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azer-Turk Bank
Azer-Turk Bank is Azerbaijani state-owned bank that provides retail and commercial banking services. It is an open joint stock company established on May 25, 1995 based on a license issued by the National Bank of Azerbaijan Republic. , the bank's total capital exceeded AZN 50 mln (US$29 mln). Based on the banks license it can attract deposits, grant credits in its own name, as well as to perform transfers and settlement-and-cash transactions on behalf of clients. It can also carry out other types of activities stipulated by the ''Bank Law of the Azerbaijani Republic'' at its own or clients’ expense, excluding activities in the field of purchase and sale of precious metals and gems, attraction to deposit and placement of precious metals. The Azer-Turk Bank Open Joint-Stock Company maintains correspondence relations with banks of Turkey, United States, England, Germany and Russia. History The Azer-Turk Bank Open Joint-Stock Company was founded on May 25, 1995 on the ground o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Bank Of Azerbaijan
ABB (from az, Azərbaycan Beynəlxalq Bankı ; formerly known as International Bank of Azerbaijan), the largest bank in Azerbaijan, is an open joint-stock company whose shares are owned by the Azerbaijan state. History ABB OJSC was founded on January 10, 1992, as a joint-stock bank. The head office of the bank is located in Baku. ABB is currently one of the leading banks in the South Caucasus region in terms of assets, customer base, and international operating portfolio. With 59 branches and 19 sub-branches in different regions of Azerbaijan, the bank provides universal banking services to private and corporate clients. The number of legal entities served by the bank is about 18,000, and the number of individuals served totals more than 1.3 million. The bank employs more than 2700 people. According to the Decree of the President of the Republic of Azerbaijan No. 1174 dated November 5, 2020 “On ensuring the activities of the Azerbaijan Investment Holding”, the Bank ABB Ope ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azerbaijan Democratic Republic
The Azerbaijan Democratic Republic), or simply as Azerbaijan in Paris Peace Conference, 1919–1920,''Bulletin d'Information de l'Azerbaidjan'', No. I, September 1, 1919, pp. 6–7''125 H.C.Debs.'', 58., February 24, 1920, p. 1467. Caucasian Azerbaijan in some diplomatic documents abroad, or the Tatar Republic of Azerbaijan in British sources. (abbreviated as the ADR; az, Azərbaycan Demokratik Cümhuriyyəti or ) was the first secular democracy, democratic republic in the List of Turkic dynasties and countries, Turkic and Muslim worlds.Tadeusz Swietochowski. Russia and Azerbaijan: A Borderland in Transition. Columbia University Press, 1995. , and Reinhard Schulze. A Modern History of the Islamic World. I.B.Tauris, 2000. , . Citations are at Talk:Azerbaijan Democratic Republic#First or second The ADR was founded by the Azerbaijani National Council in Tbilisi, Tiflis on 28 May 1918 after the collapse of the Transcaucasian Democratic Federative Republic, and ceased to exist on Ap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soviet Union
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national republics; in practice, both its government and its economy were highly centralized until its final years. It was a one-party state governed by the Communist Party of the Soviet Union, with the city of Moscow serving as its capital as well as that of its largest and most populous republic: the Russian SFSR. Other major cities included Leningrad (Russian SFSR), Kiev (Ukrainian SSR), Minsk ( Byelorussian SSR), Tashkent (Uzbek SSR), Alma-Ata (Kazakh SSR), and Novosibirsk (Russian SFSR). It was the largest country in the world, covering over and spanning eleven time zones. The country's roots lay in the October Revolution of 1917, when the Bolsheviks, under the leadership of Vladimir Lenin, overthrew the Russian Provisional Government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baku
Baku (, ; az, Bakı ) is the capital and largest city of Azerbaijan, as well as the largest city on the Caspian Sea and of the Caucasus region. Baku is located below sea level, which makes it the lowest lying national capital in the world and also the largest city in the world located below sea level. Baku lies on the southern shore of the Absheron Peninsula, alongside the Bay of Baku. Baku's urban population was estimated at two million people as of 2009. Baku is the primate city of Azerbaijan—it is the sole metropolis in the country, and about 25% of all inhabitants of the country live in Baku's metropolitan area. Baku is divided into twelve administrative raions and 48 townships. Among these are the townships on the islands of the Baku Archipelago, and the town of Oil Rocks built on stilts in the Caspian Sea, away from Baku. The Inner City of Baku, along with the Shirvanshah's Palace and Maiden Tower, were inscribed as a UNESCO World Heritage Site in 2000. The c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azerbaijan
Azerbaijan (, ; az, Azərbaycan ), officially the Republic of Azerbaijan, , also sometimes officially called the Azerbaijan Republic is a transcontinental country located at the boundary of Eastern Europe and Western Asia. It is a part of the South Caucasus region and is bounded by the Caspian Sea to the east, Russia (Republic of Dagestan) to the north, Georgia to the northwest, Armenia and Turkey to the west, and Iran to the south. Baku is the capital and largest city. The Azerbaijan Democratic Republic proclaimed its independence from the Transcaucasian Democratic Federative Republic in 1918 and became the first secular democratic Muslim-majority state. In 1920, the country was incorporated into the Soviet Union as the Azerbaijan SSR. The modern Republic of Azerbaijan proclaimed its independence on 30 August 1991, shortly before the dissolution of the Soviet Union in the same year. In September 1991, the ethnic Armenian majority of the Nagorno-Karabakh region formed the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constitution Of Azerbaijan
The Constitution of Azerbaijan ( az, Azərbaycan konstitusiyası) was adopted on 12 November 1995 by popular referendum. This Constitution was the first Constitution of independent Azerbaijan. The first Constitution of independent Azerbaijan consists of 5 chapters, 12 sections and 147 articles. It was amended on 24 August 2002 and again on 18 March 2009. It carries the "highest legal force" in Azerbaijan as per article 147. The most recent amendments to the Constitution were approved after the Constitutional referendum held on 26 September 2016. In 2002, 31 amendments were made to 22 articles; in 2009, 41 amendments were made to 29 articles; and in 2016, 23 articles were amended and new 6 new articles were added. History The Azerbaijan Democratic Republic founded in 1918 and existed 23 months until 1920 was not able to adopt its constitution. Therefore, the history of Constitution building in Azerbaijan generally starts from the period of Azerbaijan being part of Soviet Union. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nakhchivan Autonomous Republic
The Nakhchivan Autonomous Republic ( az, Naxçıvan Muxtar Respublikası, ), is a landlocked exclave of the Republic of Azerbaijan. The region covers Official portal of Nakhchivan Autonomous RepublicNakhchivan Autonomous Republic with a population of 459,600 bordered by Armenia to the east and north, Iran to the southwest, and Turkey to the west. The republic, especially the capital city of Nakhchivan, has a long history dating back to about 1500 BCE. ''Nakhijevan'' was one the cantons of the historical Armenian province of Vaspurakan in the Kingdom of Armenia. Historically though, the Persians, Armenians, Mongols, and Turks all competed for the region. The area that is now Nakhchivan became part of Safavid Iran in the 16th century. In 1828, after the last Russo-Persian War and the Treaty of Turkmenchay, the Nakhchivan Khanate passed from Iranian into Imperial Russian possession. After the 1917 February Revolution, Nakhchivan and its surrounding region were under the autho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Economy Of Azerbaijan
The Ministry of Economy of Azerbaijan Republic ( az, Azərbaycan Respublikası İqtisadiyyat Nazirliyi) is the central executive body responsible for implementing state policy and regulation in the following areas: formulating economic policy of Azerbaijan, producing macroeconomic projections, creating a favorable environment for economic development and growth, encouraging investment activity, developing entrepreneurship and industry, regulating the licensing and permit system, protecting, developing and encouraging competition, protecting the rights of consumers, implementing state procurement policy, ensuring full and timely introduction of taxes and other mandatory payments relating to the authority of the Ministry, in the state budget, management of government assets, privatization, establishing state land management system, conducting state registration and single state cadastre of immovable property. History In 1918–1920, the first Ministry of Commerce and Industry of i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baku Stock Exchange
The Baku Stock Exchange (BSE) ( az, Bakı Fond Birjası) is the main stock exchange in Azerbaijan. BSE is organized in the form of a closed joint stock company with 19 shareholders. Activity Baku Stock Exchange trades short-term treasury bonds, common stocks (primarily from former state-owned enterprises that have been privatized, including food and beverage, construction, and banking companies), and foreign currency futures. BSE carries out trading corporate securities. Trading, on primary and secondary markets of government securities (T-bills of the Ministry of Finance of Azerbaijan and banknotes of the Central Bank of Azerbaijan) are carried out solely at BSE. The state regulatory authority for the stock exchange and the Azerbaijani securities market is thFinancial Markets Supervisor Authority BSE's activity is regulated by the following legislative acts and documents: * The Civil Code of Azerbaijan * The normative-legal acts of thState Committee for Securities of Azer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance In Azerbaijan
The Finance system in Azerbaijan consists of government policy and arrangements for borrowing and lending and the transfer of assets. The system is composed of banks, insurance companies, other financial institutions, pension system, financial markets and payment systems. Financial policy of Azerbaijan is aimed at the implementation of the state program of economic development of the Republic. The development of the Azerbaijani financial system and the whole market infrastructure depends on the activities of commercial banks, insurance company and other financial institutions. Financial policy The purpose of financial policy is to ensure the stable development of the state economy by using of financial relations and financial potential of the country. The main objectives of Financial policy in Azerbaijan are consist of: * Financial legislation * Organizational forms of financial relations * Creation and use of state foundations * Financial forecasting and planning methodology * F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Azerbaijan
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. How ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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